Analyst Mikybull suggests XRP could mirror Zcash’s impressive surge, potentially reaching $8-$10. Zcash’s 1,775% rally in two months serves as a possible blueprint for altcoin breakouts. Not all analysts agree, with some arguing XRP’s momentum has peaked despite past gains.
What to Know:
- Analyst Mikybull suggests XRP could mirror Zcash’s impressive surge, potentially reaching $8-$10.
- Zcash’s 1,775% rally in two months serves as a possible blueprint for altcoin breakouts.
- Not all analysts agree, with some arguing XRP’s momentum has peaked despite past gains.
XRP is gaining attention as one of the altcoins that could potentially replicate Zcash’s explosive performance, according to macro analyst Mikybull. Zcash has seen a remarkable 1,775% surge in just two months, defying Bitcoin’s correction and sparking interest in privacy-focused assets. This has led to speculation about which assets may follow suit.
Mikybull has outlined a conservative short-term target for XRP, suggesting it could reach between $8 and $10. This projection represents a significant increase from current levels, potentially offering substantial returns for investors. The analyst highlights XRP’s long-term bullish structure as a key factor.
Zcash’s rally, which saw its market cap soar from $600 million to over $10 billion, has set a precedent for altcoin breakouts. This surge occurred even as Bitcoin experienced a decline, demonstrating a decoupling effect that could benefit XRP. The independence from Bitcoin’s movements is a crucial element for altcoins seeking substantial gains.
However, not all analysts are convinced, with some suggesting that XRP’s peak momentum has passed. Despite significant price growth over the past year, some believe other coins are more likely to stage a ZEC-style comeback. The debate highlights the speculative nature of the crypto market.
While the potential for XRP to replicate Zcash’s gains remains a topic of discussion, the analysis provides valuable insights for investors. Monitoring market trends and understanding the factors driving altcoin performance are essential for making informed decisions in the dynamic cryptocurrency landscape as regulations evolve and the potential approval of XRP ETFs looms.
Related: XRP Price: $12M Max Pain for Bears
Source: Original article
Quick Summary
Analyst Mikybull suggests XRP could mirror Zcash’s impressive surge, potentially reaching $8-$10. Zcash’s 1,775% rally in two months serves as a possible blueprint for altcoin breakouts. Not all analysts agree, with some arguing XRP’s momentum has peaked despite past gains.
Source
Information sourced from official Ripple publications, institutional research, regulatory documentation and reputable crypto news outlets.
Author
Ripple Van Winkle is a cryptocurrency analyst and founder of XRP Right Now. He has been active in the crypto space for over 8 years and has generated more than 25 million views across YouTube covering XRP daily.
Editorial Note
Opinions are the author's alone and for informational purposes only. This publication does not provide investment advice.
